China Is Holding The Government Central Economic Work Conference

As we can see from the news that China’s top leading body Monday affianced to keep wild dangles in the economy, while admonishing that the economic berth in 2011 would be elaborated.

It is reported that country should assert stable and logical macro-economic policies while ameliorating truth, flexibleness and efficiency of the insurances, the Political Bureau of the Communist Party of China Central Committee adjudicated at a adjoining presided over by President Hu Jintao, who is also General Secretary of the CPC Central Committee.

As we all know that functionaries at the meeting were urged to “continue sober, be aware of difficult nesses, and work hard to fulfill the tasks this year so as to create a good start for the 12th Five-Year Program.”

It is said that the top echelon of leaders confident that China would carry on an active financial policy and prudent pecuniary policy, while trying to balance becalm economic growth with economic reconstituting and ascendance of inflationary anticipations.

“It is necessary to assert stable goods prices, expand domestic economic consumption, increase investing in agribusiness, speed up blue-collar reconstituting, promote breeding and development of science and applied science, and improve people’s keeps and cultural services,” the Political Bureau of the CPC Central Committee urged at the meeting.

It also ingeminated the importance of making great efforts to amplify reclaims in key spheres, advanced the cause of opening-up, while compounding attempt to build a blank government and fight corruptness.

Members of the Political Bureau of the CPC Central Committee also discoursed the drafts of the authorities work account and the 12th Five-year Program, or the national development plan for 2011 to 2015.

The two documents will be submitted to the top legislature for discussion and approval at its forthcoming annual session in March.

The catamenia from 2011 to 2015 will be decisive for China which wants to build a well-off society, said a affirmation from the meeting.

In the next five years, in a bid to meet Chinese people’s anticipations for a better life, China will stick to technological development by focusing on quickened translation of its way of economic growth while changing the reform and opening-up, assuring and improving people’s livelihoods, according to the statement.

“It is necessary to solidify and boost China’s success in exceeding other countries in dealing with the international financial agitation, and advance the economic system to grow at a faster and steady pace for a long time while assuring social concord and constancy,” the statement said.

Great efforts should also be made to acquire social services, advance the cause of economizing energy and imaginations, protective the surroundings in a down-to-earth manner, as well as keep compounding the drive to heighten reform of the authorities, the affirmation said.

India’s Strong Gold Investment

We all know that the glitter of gold can be too hard to resists sometimes. This is why investing in gold has become one of the most profitable transactions that you can make these days. When it comes to choosing the right gold products you surely have where to pick from: 1 kilo gold bar, gold coins, gold bullion, one ounce gold bars, gold funds and so on. The variety of gold investments is daunting, therefore making a choice can become a rather difficult task.

Gold is and has been the preferred investment for Indians especially because the potential price increase and because it is considered a hedge against inflation. Studies show that when the inflation rises with 10 percent, for example, then the process for gold will rise for 30%.

Throughout generations, gold has been one of the most trusted investment vehicles. Taking into consideration that the gold production on a worldwide scale is far below than the demand, gold prices are likely to go up in the months to come. Gold has proved itself to be the only medium of exchange that is absolutely free of credit risk. This is why the trend among investors is to invest at least part of their savings in the precious metal.

Buying gold however, can take numerous forms. One of the most popular ways of investing in gold in India is definitely jewellery. For Indians, owning gold jewellery is a sign of wealth and it gives them the advantage of owning physical gold and also being able to use it for fashion purposes at the same time. Of course, there is a downside to this also: the loss of value due to impurities, the high charges and exchange rates when and if they decide to sell them.

Another gold investment product, which has become quite popular is represented by the gold bar. This is the oldest form of gold preservation and the advantage of this product is that it can be found in various sizes: one ounce gold bar, 1 kilo gold bar, 20 grams gold bar and so on. This gold product offers the satisfaction of holding gold and knowing that you can buy or sell it online at any time. When you own physical gold bars then you need to deposit it in a vault and take out insurance in order to protect your investment.

India, as well as other important economic powers of the world, such as China, have started to invest heavily in gold. Therefore, when you want to make sure that you protect your investments then you have to start doing the same thing.

Entrepreneur Make It Big in Restaurant Business Is Now Venturing Into Internet Marketing Business

It is always inspiring to hear personal business stories of entrepreneurs who overcame all odds and doubts in venturing into business and make it big. Last Sunday, I just read about how a 35 years old Thai Express Founder Ivan Lee, who started his F & B business with $300K and eventually sold his controlling stake for a sizeable $114 million in the process netting himself $80 million.

What was even more impressive was Ivan had no background or experience in F & B business before he first ventured into his first F & B business. Despite all his doubters, including his family members, about the viability of his business when he first started, he persevered and carried on. Apparently, his father-in-law was also a successful entrepreneur who founded the contract manufacturing firm JIT Holdings and sold it to Fortune 500 company Flextronics for $1 billion in 2000. This deal netted the senior Mr Goh some
$300 million. When starting out, he had benefitted from the financial and advisory support given by his father-in-law, but, subsequently, he went against his father-in-law advise by venturing into other restaurant businesses which were highly successful and are now contributing about two thirds of the business turnovers. An element of luck also play an important part in his business success as he had opened close to 100 stores but about 10 to 20 percent of the stores were not profitable. So he was lucky that his first 10 ventures were successful which provided the cash flow for his subsequent business expansion.

He is now venturing into the internet market in China despite not being in the IT industry. When The Sunday Times journalist contacted him, it found the entrepreneur in Shenzhen, experiencing growing pains all over again. He says that his friends and family are again doubting his new venture. His remark was: “I am a rooke now playing in a much bigger league and I feel like I am nine years back, starting all over again.” This young millionaire is setting his eye on his next big venture where he wants to build the next Baidu (China’s equivalent of Google) or even the next Facebook.

Lesson learnt: To make it big in business you need to be bold, have perseverance and be unique and certainly having financial support from family helps and also an element of luck. He is certainly one hack of a brave entrepreneur!

My advise is learn about internet and social media marketing before plunging into the business and be better prepared for your business venture into the internet marketing world. I am making use of my internet skills to help develop and launch community websites Henley Brunel MBA Alumni (Singapore) and other commercial websites for corporate businesses.

Good luck to all of you out there running your start-up businesses!